OCR Text |
Show n ! ; The Enterprise Review , twgwsr 75, 7976 Page i lib ? u Investment Summary Chuck Akerlow An interesting new concept in shopping center development is being implemented by Western Woodlands, Inc. of Salt Lake City. Headed by Lonnie Adams, Western Woodlands is building a shopping center at 9400 South and 700 East called Union Square. Unlike other centers, this one will be completely owned by the tenants. That is, each tenant will buy his own building pad and- will own an undivided interest in the common area, real Adams, a long-tim- e estate salesman and land developer stumbled across the concept as he organized the sales effort of Prospector Square in Park City a year ago. During that experience he discovered that there was - atrue report. indeed a market for ownership of shopping facilities. Up to that time everyone thought that the only way a shopping center could be born is when a developer funded his whole project out of one development loan. The traditional idea is that THE 'HAW ABOUT wu?ego wcuewi? REPORT 15 P6N? THAT5 happy to lease so as not to tie up their working capital in real estate. Over the years shopping center rents and percentage leases have taken an increasing bite of the merchants It is really not income. surprising that there would be a market for those who wish to own their own site but want to be in a shopping center environment. The idea of a shopping condominium A 1 WE m f veep A MOTIVE- - , t 'snxM&eZS-- . : i ifiueor the iurddg cuew: M - THE CUBAl) SOUGHT REVERSE - 0R (X fcfMJJEPV HIS PEOT5 TO AS5A3SIUATE O6PP0. generate traffic. It will be interesting to sec how successful Union Square is. ' Bor FA IM ' and cues u A f . promote v mvewF& poum out ou TK cf piss. CUBAO. THE veep '1 IU& 7HE m tUE because under the condominium approach large anchors are not necessary to the financing of the center. However, anchor stores do is an idea whose Til m 5 time has come. It appears that the new 100,000 square-foo- t Union Square is a step in the right direction. It should be observed that in announcing the tenant mix no large anchor stores were included. This is tenants will be more than Ill THE PRESS. TO THE COBMl ISAICirD HERE'S UXXIUG ST YOU, KIP. A 0OROOW CUBMU myr BE THE t r ?! : PHI ew. 1 msr. ; f&p iKtextiflEK 9ntMTT. 1 Pragmatic Dogmatics A STUDY IN CHURCH AND STATE-WINNFIEL- 19S5 by Ken: Shearer Winnfieid. Winn Parish. Louisiana L a small town slightly east of a straight line drawn from Alexandria on the south to Shreveport to the north. The parish is the breeding ground of the Longs: Huey, Earl, Russell, Speedy and the rest. Its ground is dirt poor, although latterly southern pine has proved out as a cash crop. Its predominate faith is Baptist, hard shell variety. The hard shells permit smoking, but oppose hard liquor, card games, cinema and dancing. In December, 1955, a group of parents petitioned the school board to allow in Winnfieid High School a Junior-Senio- r prom, complete with optional dance. They argued Junior-Senio- r dinner that the e in that status quo was participants, to dance, retired to distant road were houses, drank beer, and involved in auto accidents as they returned home. The board referred the petition to a public hearing. It was held December 12, 1955 in the Westside Elementary auditorium, jammed by more than 600 persons. Attorney Hiram J. Wright spoke for the proponents. He was opposed by three pastors: Rev. Jerry Green, non-danci- ng counter-productiv- en South Winnfieid Baptist Church: Rev. Waymon Mott, Laurel Heights Baptist Church; and I)r. V. L. Holcomb, Winnfieid First Baptist Church. Following Mr. Wright's presentation, the ministers held forth. Excerpts follow: Green: (W)c contend that it will divide the school. We find that if this comes into being, if it is voted into our schools, then the majority of all activities of our school will be centered around the dance. We come to the time of graduation. We find that a large portion of the student body who desire to dance and a large portion who do not desire to do so. Therefore, the time that means so much in the life of a young person, the time when they graduate from high school, will be centered on the dance and every one will not be able to take part in the activities because of their convictions. It would not be fair for anyone to have to alter convictions in order that they might enter into activities at the graduation time. We believe. . .that the dance is Mott: the one activity, the one activity, which tends to discriminate rather than unify. We believe furthermore that the dance is the one acknowledged, activity which serves purely as a sex stimulant. Now we refer to authority for such a statement, the Funk and Wagnall describes the dance and talks about it one product of the dance is stimulation of sexual feciing. Holcomb: Our boys and girls dont have to go off to Clarence and other places to dance. It is one thing to dance. . . The first statement made by our speaker was that we believe the dance violates Christian principles and the deep pungent, abiding convictions of the masses of Christian people of all faiths. . . It is one thing to dance its vastly different to sponsor the dance and to sponsor evil. The remarks of Green, Mott and Holcomb were punctuated throughout by audible amens from those assembled. The school board got the 'message, and rejected the Taxpaid facilities thereby were petition. denied to the dancing children of taxpayers. The line between Church and State thus was quite blurred in 1955 in the town of Winnfieid, Parish of Winn, State of Louisiana. I hasten to add, however, that this recitation is of purely historic and sociologic interest, and any correlation with other denominations, other places, other issues and other times is complete coincidence. (Authors note: A transcript of the entire exchange of views was published in the Winn Parish Enterprise, December 15, 1955.) EiicvcioDcdia ft savs as it K |